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econ.EM2026
Heterogeneous Peer Effects with Endogenous Network Formation
Duong Trinh, Santiago Montoya-Blandón
This paper introduces a new econometric framework for modeling social interactions with heterogeneous peer responses, addressing endogenous link formation. Our Selection-corrected…
econ.EM2025
EASI Drugs in the Streets of Colombia: Modeling Heterogeneous and Endogenous Drug Preferences
Santiago Montoya-Blandón, Andrés Ramírez-Hassan
The response of illicit drug consumers to policy changes like legalization is mediated by demand behavior. Since individual drug use is driven by many unobservable factors, account…
econ.EM2024
Probabilistic Targeted Factor Analysis
Miguel C. Herculano, Santiago Montoya-Blandón
We develop Probabilistic Targeted Factor Analysis (PTFA), a likelihood-based framework for constructing latent factors that are explicitly targeted to variables of economic interes…